22 JANUARY16
www.trifidresearch.com
News FLASH Dollar off 1-year low vs yen as report points to official FX concerns. Temporary oil rebounds help fragile Asia FX gains. Won, ringgit, rupiah up; yuan steady. Dollar slides vs yen as markets continue to seek safety Yen hits 1-year high versus dollar as risk appetite wanes. Spain Trade Balance unchanged at €-1.9B in December. Turkey Consumer Confidence dipped from previous 73.58 to 71.62 in January. NZD/USD holds steady amid oil rout concerns.
Economic calendar – Jan 22 TIME 7:05am 1:15pm 1:30pm 2:00pm 3:00pm 8:30pm
CURRENCY JPY EUR EUR EUR GBP USD
DESCRIPTION
FORECAST
PREVIOUS
Flash Manufacturing PMI
52.8
52.6
ECB President Draghi Speaks
-
-
French Flash Manufacturing PMI
51.6
51.4
German Flash Manufacturing PMI
53.0
53.2
Retail Sales m/m
-0.1%
1.7%
Existing Home Sales
5.21M
4.76M
Pivot table CURRENCIES
S1
S2
S3
R1
R2
R3
USDINR
67.9000
67.8000
67.7000
68.2000
68.3000
68.4000
EURINR
73.9000
73.8000
73.7000
74.4000
74.5000
74.6000
GBPINR
96.1000
96.0000
95.9000
96.5000
96.6000
96.7000
JPYINR
58.0000
57.9000
57.8000
58.5000
58.6000
58.7000
TECHNICAL VIEW
GBPINR GBPINR on daily charts again sustained on lower side after facing resistance at higher side and hence it may extend its losses if maintains below the level of 96.1800.
DISCLAIMER
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